"For the past couple years, we've been calling on the provincial government to make this change, ... so it's definitely something that Newfoundlanders and Labradorians believe in," said Travis Perry, chairperson for the Canadian Federation of Students for Newfoundland and Labrador.

But the plan is expected to cost the government more than $50 million over five years. And students have to study in the province, unless their program is only offered elsewhere.

But the people pushing for the change say this will help students contribute to the economy sooner, rather than being tied up in debt.

Now, only federal student loans will contribute to Newfoundlanders' and Labradorians' student debt.